2000 Mazda MX-5 Miata Insurance Rates – 5 Tips for Best Quotes

Searching for cheaper insurance rates for your Mazda MX-5 Miata? No one cherishes buying insurance, in particular when they are paying too much. Numerous auto insurance companies battle for your hard-earned dollar, and because of this it can be hard to compare insurance companies to find the best price available.

If you have a policy now or are shopping for new coverage, you can learn to find the best rates and possibly find even better coverage. Choosing the best insurance company for you is not that difficult. Drivers only need to know the most effective way to shop for insurance on the web.

Car Insurance Quote Comparison

Performing a rate comparison can take hours if you don’t utilize the best way to get rate quotes. You can spend countless hours talking about coverages with insurance companies in your area, or you could save time and use the web to maximize your effort.

All the larger companies participate in an industry program that enables customers to submit one quote, and each company provides a quote based on the submitted data. This eliminates the need for repetitive form submissions to each company.

To find out how much you can save on car insurance click here to open in new window.

The one downside to doing it this way is you are unable to specify which insurance companies to receive prices from. So if you want to choose specific providers to compare, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but be sure to compare apples-to-apples deductibles and coverage limits on every quote you get. If each company quotes different liability limits then you won’t be able to determine the best price for your Mazda MX-5 Miata.

Do insurance companies bend the truth?

Drivers constantly see and hear ads for car insurance savings from companies such as State Farm, Allstate and Geico. They all seem to say the same thing that you’ll save big if you move your policy.

How can each company say the same thing?

All the different companies can use profiling for the right customer that earns them a profit. For instance, a driver they prefer could possibly be over the age of 50, has no tickets, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications gets the lowest rates and therefore will save when switching.

Drivers who don’t measure up to these standards must pay a more expensive rate and this can result in business going elsewhere. Company advertisements say “customers who switch” but not “drivers who get quotes” save money. That’s the way companies can state the savings.

This illustrates why you absolutely need to get a wide range of price quotes. It’s not possible to predict which company will have the lowest Mazda MX-5 Miata insurance rates.

Discounts on 2000 Mazda MX-5 Miata insurance

The cost of insuring your cars can be expensive, but you can get discounts that can drop the cost substantially. Certain discounts will be applied when you complete an application, but a few need to be inquired about before being credited. If they aren’t giving you every credit available, you are throwing money away.

  • Life Insurance – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if it’s offered in school.
  • Memberships – Being a member of a qualifying organization could qualify you for a break on your policy for MX-5 Miata insurance.
  • Good Students Pay Less – This discount can be rewarded with saving of up to 25%. This discount can apply until age 25.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.

It’s important to note that most of the big mark downs will not be given to the entire cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like you can get free auto insurance, it just doesn’t work that way. But any discount will bring down the cost of coverage.

To see a list of insurance companies with discount insurance coverage rates, click here.

Tailor your coverage to you

When buying adequate coverage, there is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.

  • Is there coverage for injuries to my pets?
  • Can I get a multi-policy discount?
  • Is rental equipment covered for theft or damage?
  • Am I insured when driving a different vehicle?
  • Can I afford to buy a different vehicle if my 2000 Mazda MX-5 Miata is totaled?
  • How do I insure my teen driver?
  • Is my state a no-fault state?
  • Should I have a commercial auto policy?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverages for a 2000 Mazda MX-5 Miata

Understanding the coverages of your auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by auto insurance companies.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for bills such as nursing services, dental work, prosthetic devices, chiropractic care and doctor visits. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to other’s property or people in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as court costs, medical services, repair bills for other people’s vehicles, attorney fees and legal defense fees. How much coverage you buy is up to you, but buy as large an amount as possible.

Collision coverage

Collision coverage covers damage to your MX-5 Miata resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sustaining damage from a pot hole, rolling your car, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, a tree branch falling on your vehicle and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mazda MX-5 Miata.

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Shop smart and save

We just presented a lot of tips how to reduce 2000 Mazda MX-5 Miata insurance prices online. The key thing to remember is the more providers you compare, the better likelihood of reducing your rate. Consumers may even find the biggest savings come from a small local company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

Discount insurance can be purchased both online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

Even more information can be found by following these links: